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SunSirs: This week's ammonium nitrate market price trend is temporarily stable (4.20-4.24)

April 26 2020 14:52:53     SunSirs (Molly)

According to statistics, the domestic ammonium nitrate price trend was temporarily stable this week. As of the weekend, the domestic ammonium nitrate market price was 2300 yuan / ton, which was the same as the price of 2300 yuan / ton at the beginning of the week, up 13.11% year-on-year. The commodity index of ammonium nitrate on April 24 was 121.05, which was the same as yesterday, a decrease of 3.36% from the highest point in the cycle of 125.26 (2020-03-15), and an increase of 56.46% from the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to present).

This week, the domestic ammonium nitrate market price trend has stabilized temporarily. Domestic ammonium nitrate manufacturers have started construction of equipment in general. The supply of ammonium nitrate in the plant is normal. The price trend of the manufacturer is temporarily stable. The price trend is stable. Recently, the shipment of ammonium nitrate manufacturers is not good, and the downstream procurement is on demand. The domestic ammonium nitrate manufacturers have limited work, and the market price of ammonium nitrate is stable. As of now, the mainstream negotiation in Shaanxi is 2100-2300 yuan / ton, the mainstream negotiation in Shandong is 2000-2300 yuan / ton, and the price in Hebei is 2200-2600 yuan / ton.

This week, the price of domestic concentrated nitric acid declined, and the price at the weekend was 1,500 yuan / ton. This week, the price fell by 1.09%. Jiangsu Hongze Yinzhu Chemical offers 1400 yuan / ton; Anhui Jinhe offers 1400 yuan / ton; Shandong Helitai offers 1700 yuan / ton. Anhui Audley offers 1450 yuan / ton; Wenshui Synthetic Chemical offers 1630 yuan / ton. Recently, the domestic maintenance equipment is operating normally, the supply of concentrated nitric acid market is normal, and the goods in the market are poor. The price trend of nitric acid market declines by about 50 yuan / ton. The decline of nitric acid price is a negative impact of the ammonium nitrate market. stable.

The price of upstream liquid ammonia fell this week. Some manufacturers were affected by the inventory pressure, and they slightly lowered their quotations. During the middle of the week, there were downward adjustments, ranging from 50-100 yuan / ton. At present, most regions show a trend of high decline. On the one hand, the high operating rate of early manufacturers has accumulated a large amount of inventory. At present, manufacturers have the desire to destock. On the other hand, the peak season of spring cultivation has passed, downstream demand has stabilized, and it is unable to continue to pull liquid ammonia. As the market climbed, the purchase of downstream nitrogen fertilizer manufacturers slowed down significantly compared with March. Most of the on-demand purchases were dominated. At present, the supply and demand of the market are generally in a balanced stage. The upstream raw material prices have fallen and the ammonium nitrate market prices have stabilized.

Recently, downstream demand is limited, but the raw material market price has dropped slightly, which has lost some cost support for the ammonium nitrate market. SunSirs ammonium nitrate analysts believe that the market price of ammonium nitrate in the later period will be slightly lower.

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